Middle East Economic Survey

VOL. XLVII

No 36

6-September-2004

SYRIA/TURKEY

Syria And Turkey Sign Crude/Products Swap Agreement

Syria and Turkey have signed an agreement in principle under which the volume of Syrian crude exported to its northern neighbor will be increased, in exchange for imports of Turkish fuel oil and asphalt. The accord was reached by Syrias state oil marketing company, Sytrol, and the Turkish Petroleum Refineries Corporation (Tupras), in which the state has a majority share....